Question: A note receivable discounted with recourse is Question 1 options: a) A contingent liability b) An outright sale of a note receivable to a bank

A note receivable discounted with recourse is Question 1 options: a) A contingent liability b) An outright sale of a note receivable to a bank c) Sold to a bank and the bank assumes liability d) A contingent liability and an outright sale of a note receivable to the bank e) An outright sale of a note receivable to a bank and the bank assumes liability

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